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Condensed Consolidated Balance Sheet (unaudited) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Cash and cash equivalents    
Noninterest-bearing $ 636 $ 724
Interest-bearing 10,279 14,897
Total cash and cash equivalents 10,915 15,621
Equity securities 1,045 1,071
Available-for-sale securities (amortized cost of $32,972 and $28,936) [1] 33,122 29,830
Held-to-maturity securities (fair value of $1,193 and $1,331) 1,150 1,253
Loans held-for-sale, net 456 406
Finance receivables and loans, net    
Finance receivables and loans, net of unearned income 114,471 118,534
Allowance for loan losses (3,148) (3,283)
Total finance receivables and loans, net 111,323 115,251
Investment in operating leases, net 10,969 9,639
Premiums receivable and other insurance assets 2,752 2,679
Other assets 7,452 6,415
Total assets 179,184 182,165
Deposit liabilities    
Noninterest-bearing 167 128
Interest-bearing 139,277 136,908
Total deposit liabilities 139,444 137,036
Short-term borrowings 0 2,136
Long-term debt 14,946 22,006
Interest payable 422 412
Unearned insurance premiums and service revenue 3,537 3,438
Accrued expenses and other liabilities 3,546 2,434
Total liabilities 161,895 167,462
Contingencies (refer to Note 23)
Equity    
Common stock and paid-in capital ($0.01 par value, shares authorized 1,100,000,000; issued 504,133,393 and 501,237,055; and outstanding 349,598,889 and 374,674,415) 21,644 21,544
Preferred stock 2,324 0
Accumulated deficit (2,136) (4,278)
Accumulated other comprehensive income 51 631
Treasury stock, at cost (154,534,504 and 126,562,640 shares) (4,594) (3,194)
Total equity 17,289 14,703
Total liabilities and equity 179,184 182,165
On-balance sheet variable interest entities    
Finance receivables and loans, net    
Allowance for loan losses (284) (285)
Total finance receivables and loans, net 7,872 13,213
Other assets 621 983
Total assets 8,493 14,196
Deposit liabilities    
Long-term debt 1,437 4,158
Accrued expenses and other liabilities 2 3
Total liabilities 1,439 4,161
On-balance sheet variable interest entities | Consumer    
Finance receivables and loans, net    
Finance receivables and loans, net of unearned income 8,156 7,630
On-balance sheet variable interest entities | Commercial    
Finance receivables and loans, net    
Finance receivables and loans, net of unearned income $ 0 $ 5,868
[1] Refer to Note 6 for discussion of investment securities pledged as collateral.